By Bhanvi Satija (Reuters) -Carvana reported its first-ever annual profit on Thursday, helped by its pact with bondholders to cut its outstanding debt by $1 billion, sending the used car retailer[...]
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February 22, 2024
Nvidia identifies Huawei as top competitor for the first time in filing
By Max A. Cherney and Stephen Nellis (Reuters) – Nvidia identified Huawei as a top competitor in several categories, including artificial intelligence chips, for the first time in a filing with[...]
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MP Materials swings to quarterly loss on falling rare earths prices
(Reuters) -Rare earths miner MP Materials on Thursday reported a fourth-quarter loss due to slipping prices for the strategic minerals and rising production costs, although the loss was not as much as[...]
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Mexico’s Televisa trims net loss in Q4, SKY lags
MEXICO CITY (Reuters) -Mexico’s largest broadcaster, Televisa, on Thursday reported its second consecutive quarter in the red, clocking a net loss of 8.66 billion pesos ($510.5 million), with re[...]
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Brazil exchange B3 posts quarterly profit down 9% on weaker equities volume
SAO PAULO (Reuters) -Brazilian financial exchange operator B3 posted on Thursday an 8.8% decrease in its fourth-quarter net profit from a year earlier, as slower equities activity hit its revenue and[...]
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TurboTax maker Intuit forecasts third-quarter revenue growth above estimates
(Reuters) – Accounting software maker Intuit forecast third-quarter revenue growth above Wall Street estimates on Thursday, expecting a surge in demand for its AI-enabled financial management to[...]
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Fed’s Harker: Timing of first central bank rate cut may be close
By Michael S. Derby (Reuters) -Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday a rate cut is the next step for monetary policy and the timing of that action is getting c[...]
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Mexico’s Pemex prioritizes paying down overdue debts to big service providers
By Adriana Barrera MEXICO CITY (Reuters) – Mexican national oil company Pemex partially resumed paying down what it owes to suppliers at the end of last year, prioritizing large oilfield service[...]
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EOG Resources quarterly profit falls on lower oil prices
(Reuters) -EOG Resources on Thursday joined rivals in reporting a fall in its fourth-quarter profit but the U.S. oil and gas producer forecast higher output for 2024. Concerns over global demand cappe[...]
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